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“The Ukraine issue is probably a sideshow but the ultimate impact will be from the Fed action which will be clearer only by the middle of March. However, given that the Ukraine issue, which was an extra overhang on the market, is probably getting resolved now, today onwards we have actually recommended to our clients that they can go for maybe 10-15% increased allocation now and then another 25% can come once clarity on Fed issue comes in mid March.”

"In the next two-three years, steel balance sheets are only going to get better and better and therefore any correction in this segment has to be used as an opportunity. Globally every country is looking at spending money on infrastructure. In this kind of scenario, the demand is going to be quite robust. New supplies are not forthcoming at least for the next two-three years.”

“We believe that cement is facing several headwinds in terms of a little bit of demand slowdown as well as higher raw material cost leading to margin pressure. But this space can benefit from the growth and increasing demand in the real estate and infra space. We like UltraTech among largecap names and JK Cement and Birla Corp within the midcap space. Large corporate banks like ICICI Bank and SBI, which would remain our top picks despite the kind of interest that we are seeing in HDFC and Kotak.”

eClerx Services Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7287.73 Crore) operating in IT Enabled Services sector.

The S&P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.

Sebi noted that Bagga Rajinder Jeet Singh had failed to comply with provisions of Prohibition of Insider Trading norms by failing to make requisite disclosures regarding the two transactions he carried out while in the employment of the company.

The Vodafone Idea (Vi) management in a recent investor call pegged March-end as the deadline for raising capital to finance its operations. Promoters of Indus Towers, Bharti Airtel and UK’s Vodafone Group, currently hold 41.73% and 28.12% share in the company, respectively.

From the technical standpoint, the index resisted exactly at the rising trend line resistance, which the index had violated. This basic support has turned into resistance on the way up.

Profit was helped by a 90% fall in provisions for bad loans to $23 million from $227 million in 2020 which made up for a tepid rise in operating income.

The situation is fluid and we don’t know how the situation will evolve. The US-led sanctions on Russia can be swift, harsh and unprecedented.